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Gray Television (NYSE:GTN.A) Sees Strong Trading Volume

Defense World ·  Mar 26, 2023 14:32

Gray Television, Inc. (NYSE:GTN.A – Get Rating) saw an uptick in trading volume on Friday . 1,501 shares were traded during trading, a decline of 13% from the previous session's volume of 1,729 shares.The stock last traded at $8.06 and had previously closed at $8.02.

Analyst Upgrades and Downgrades

Separately, TheStreet cut Gray Television from a "b-" rating to a "c" rating in a research note on Thursday, December 8th.

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Gray Television Stock Down 1.2 %

The business has a fifty day moving average price of $10.89 and a two-hundred day moving average price of $11.91. The company has a debt-to-equity ratio of 3.04, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market capitalization of $735.21 million, a price-to-earnings ratio of 1.82 and a beta of 1.27.

Gray Television Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Tuesday, March 14th. Gray Television's dividend payout ratio (DPR) is 7.37%.

Gray Television Company Profile

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Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.

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